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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?


To: joe who wrote (16156)5/26/1998 4:10:00 PM
From: gambler2  Read Replies (1) | Respond to of 45548
 
I believe we will hit 25-especially if the NASDAQ continues on this pace (48 points off being called an official correction-down 10%). COMS should move up after that hopefully have a run into earnings. I wish management would open their damn mouths and say something, good or bad, just let us know the story..



To: joe who wrote (16156)5/26/1998 9:19:00 PM
From: The Vinman  Read Replies (1) | Respond to of 45548
 
Joe, my feeling on a possible Coms warning is based on the current dismal state of the PC sector and the fact their CEO warned of lower over all margins because of the business with OEM's(box makers). I haven't been able to short or buy Coms lately. On a relative price basis it looks cheap, but if it is so cheap, why haven't the big boys been buying? Its earnings warning season, and it is tough to hold a long position overnight for fear of an INTC or other dropping a bomb on the tech sector. I have had some luck shorting Dow componants, but I am 90% cash for now. Good Luck Trading......LSI Logic is looking good at 20 to 21, Pairgain Tech is nearing heavy support at $15(close 15 5/8) but I haven't bought either yet...

Vinman